Lutnick says Trump's policies are "worth it" even if they lead to recession

So did bikki.

Have you guys ever considered that Tariffs aren’t designed to make the markets rise? But they ARE designed to change behaviors of our trade partners and corporations within them?

We expect early turmoil as decisions are being made. What matters is not today’s market but the underlying behaviors.

Trump is adamant about securing certain industries that are critical for national security:

Agriculture
Lumber
Steel
Aluminum
Pharmaceuticals

Try to read between the lines guys.

Trump is a late 80’s early 90’s Democrat. These economic policies prove that.

GSC, do you ever listen to people like Warren Buffett. Do you listen to people who are financial experts.

Take a maine lobster. It cost more to process here. It is shipped to canada. That cost 25 percent more now. In return there is another 25 percent charge when it comes back. What part of simple math do you not get.

This is just stupid. its like the idiots on the right bringing manufacturing back to the us. You can tarriff china a 100 percent, 200 percent…they pay their workers pennies on the dollar. Do you understand how much average things would cost us.

GSC, do you ever listen to people like Warren Buffett. Do you listen to people who are financial experts.

Take a maine lobster. It cost more to process here. It is shipped to canada. That cost 25 percent more now. In return there is another 25 percent charge when it comes back. What part of simple math do you not get.

This is just stupid. it’s like the idiots on the right bringing manufacturing back to the us. You can tarriff china a 100 percent, 200 percent…they pay their workers pennies on the dollar. Do you understand how much average things would cost us.

Ya, what’s wrong with you GSC?! Take a Maine lobster, for instance…

If you are truly for human rights than you would actually support tariffs against China.

China pays slave labor wages. Tariffs level the playing field effectively making that strategy ineffective.

So why would you be against a policy that actually can eradicate slave labor?

Being for human rights. Lol. The tarrifs trumps putting on china only hurt us. It has zero
Impact on china. Nothing we are going to do to force them to raise payments to their workers.

Is this a reply about Canadian tariffs?

Look, I’ll be the first to admit tariffs are a complex series of behavior changes. It’s hard to predict what’s good and what’s not. Hell, everyone complained about Trump’s first round of tariffs, and then when Biden took office he continued them through his entire presidency. So I get that there’s some unfair level of criticism just because this is Trump.

BUT…

We are not talking about tariffs on Chinese slave labor and government subsidized industries designed to put the rest of the world’s out of business. Playing hardball with and making enemies of allies and neighbors will lead to a lot more pain than is necessary here. It might even be argued that, hey, if we are starting a trade war with Asia then it might be practical not to piss off Mexico and Canada at the same time because we might rely on them to ease costs.

So it can be argued that all this is necessary, GSC, but it can also be argued that there are smarter ways to go about it.

Not for 80…He is an economic expert and is in constant contact with many other world class economic experts on the reg. He has it all figured out.

My point exactly. We are being forced into a trade war that’s completely unnecessary.

Riddle me this 80- if it doesn’t impact Chin why did they place retaliatory tariffs in exchange?

I’m discussing tariffs in general.

This is a reasonable response. I don’t have a problem with it.

I would argue that Trump is serious about annexing Canada and Greenland and this is a way to gain leverage in doing so.

I will agree that if he ultimately doesn’t succeed at either annexation of Canada OR a super “American friendly” trade surplus, then you may end up on the right side of this argument.

It would be of no benefit to the people of Canada to be annexed nor would it be for Greenland. They don’t want to be a part of the USA, nor should they. We have coexisted all this time, so why the need for change?

Seriously, you think this effects China? I am sure their supreme leader who controls their entire economy really gives two shits. It does not effect their economy one bit. He is like you want to hit us with Tarriffs…fine. Now you will pay more for our goods. Congrats. It is like playing a game of chicken and you have Prius and China has an 18 wheeler.

GSC, use some common sense.

Annex Canada, lol. You think we are going to take over Canada. There is zero percent chance we take over Canada. How are you going to do this. You think Canadians are going to say OK…you can have our country. This is going to happen without any boots on the ground? I would like for Trump to try and take Canada. That would be fun to watch.

Thank you for making my point

Now you will pay more for our goods
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Thank you for making my point

Thank you for making my point - NO WE AS AMERICANS PAY MORE. China it does not impact at all. They have slave labor and it impacts their bottom line very little if at all.

GSC, You should feel really good about Trump - Watch this. Did you listen to the Epstein tapes. Trump liked to bang his wives friends. You know how bad of a scumbag you have to be when Epstein said Trump is not a good person. LOL.

Set aside who pays what for a moment. That is irrelevant.

The product/service/good is more expensive thereby eroding the advantage of slave labor.

It is relevant because no matter how much you tax or in this case Tarriff China it is we the consumer that is going to pay for it. China does not care if you Tarriff them. They will just return the favor. Putting Tarriffs on goods from Canada maybe the dumbest idea from Trump. These countries are laughing in Trumps face. You can Tarrriff the goods 100 percent, a 1000 percent, 10x that and guess who pays - US. You can create all these goods here in this country - China will laugh and just find another partner to do business with. Guess what your I-Phone will now be as much as the car you drive. Trumps policies are a joke. But hey…be the tough guy and lets see how this works out.

The quote box is your friend, dumb ass